1507 Pearl St - Apartments FOR SALE


Bakersfield, CA 93305- East Bakersfield
$299,000 USD
805-453-8353
1507 Pearl St, Bakersfield, CA for Sale
$299,000 USD
Apartments - FOR SALE
1/28
null | 6.82% Cap Rate

1507 Pearl St
Bakersfield, CA 93305
East Bakersfield


HIGHLIGHTS

  • Two separate residences on one 7,405 SF lot
  • Permitted ADU (2BD/1BA, ~580 SF)
  • Front home fully remodeled — new kitchen, bath, flooring
  • Solar system paid in full
  • Zoned R-1, unincorporated Kern County
  • Estimated combined market rent: $2,900/mo ($34,800/yr)

OVERVIEW

Two separate residences on one 7,405 SF lot, zoned R-1. Front home is 2BD/1BA, approximately 914 SF, built 1940, fully remodeled with new kitchen, bath, and flooring. Rear unit is a permitted ADU, 2BD/1BA, approximately 580 SF, built 1942, with private entrance and yard, galley kitchen, and in-unit laundry. Solar system is paid in full. Property is owner-occupied at time of sale and not currently rented. Estimated combined market rent is $2,900/month ($34,800/year), based on comparable rentals in the 93305 area. Full income and expense proforma, including tax, insurance, and maintenance assumptions, is detailed in the Offering Memorandum. Buyer and buyer's agent should independently verify zoning, permits, and all financial estimates prior to purchase.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

2

PRICE/UNIT

$149,500

CAP RATE

6.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1507 Pearl St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,482 SF

ZONING

R1

APN/PARCEL ID

128-090-30-00-5

ASK ABOUT THIS PROPERTY

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805-453-8353

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Philip JordanJordan Apartment GuysMore Info
805-453-8353

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